Lots of newcomers (the journalist) are seemingly iron ore experts these days.
Iron ore is "crashing" to $135. Sure it is
Take a look at iron prices when MGX first started Tallering Peak. You would be locked up in an mental asylum back then if you suggested one day prices might one day see $80/t.
The current prices are truly remarkable, anything over $100/t is,and existing producers who don't need to fund expensive infrastructure should be printing money by the bucket load in the current price climate.
Instead we have a company with half it's miserly market cap in cash.
57c is good value, page-16
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